Non-recourse loan options for 2 mil STR

[Sarah Parker]

Hi everyone;

I'm looking for some non recourse loan options for a luxury STR investment property that will have multiple investors. We are establishing a new LLC to buy the home. The seller is open to partial seller financing of about 10-20%, and we will have about a 20-30% in cash from investors for the down payment. This is our first time trying to get a loan this large (about 2 million), but the deal looks very very good.
Is getting a non recourse loan for this through an LLC possible given the details I listed above? If so, do you have any lender recommendations?